Manage episode 227738422 series 118651
I asked the two of them to join the podcast together because I wanted to understand some questions at the intersection of their competing theories. Should we worry about government deficits, and if so, when? Does MMT actually offer a free lunch, or is it just a different way of calculating the bill? When can the Federal Reserve print money without triggering inflation? How would an administration that followed MMT actually diverge from what we've seen in the past? Why did so many mainstream economists make such bad predictions about deficits after the financial crisis? And does Medicare-for-all actually need to be paid for?
This is a weedsy conversation about one of the most important questions in American governance. Enjoy!
Thick: And Other Essays by Tressie McMillan Cottom
Understanding Modern Money: The Key to Full Employment and Price Stabilityby L. Randall Wray
Saving Capitalism from the Capitalists by Raghuram G. Rajan
The Worldly Philosophers by Robert L. Heilbroner
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